Climate
UK approves Jackdaw gasfield and launches £2bn Energy Wealth Fund
October 22, 2026 at 12:57 AM · Updated 6h ago
6 reports · 1 in Arabic, 5 in English · over 15 hours
يواليوم السابع
لندن تفتح بحر الشمال للتنقيب عن الغاز.. وترامب يوجه رسالة الى بيرنهام
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The Newspapers: 'Drill, Andy Drill!' and a Budget for 'bloody-minded entrepreneurs'
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The "trillion pound" oil fund the government believes Britain could have built
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TGThe Guardian
‘Climate vandalism’: Jackdaw gasfield approval condemned - The Latest
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The Guardian view on drilling in Jackdaw: a truly pragmatic approach would focus on Britain’s green transition | Editorial
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Andy Burnham proposes plan to cut standing charges from gas bills
(opens the publisher’s site)The UK approved new North Sea gas drilling and launched a £2bn Energy Wealth Fund, while ordering plans to cut gas standing charges.
- The UK government approved new drilling in the Jackdaw gasfield on Wednesday.
- Chancellor John Healey announced an Energy Wealth Fund, diverting £2bn from the National Wealth Fund.
- Treasury officials calculated that £200bn of North Sea receipts invested at Norway's rate could have built a £1tn fund.
- Prime Minister Andy Burnham asked ministers to develop a plan to remove standing charges from gas bills.
- Energy Minister Miatta Fahnbulleh said the approval would support UK energy security through domestic gas this winter.
- Environmental activists reacted angrily to the approval, warning it will worsen the climate crisis.